Breaking News

Tag Archives: Barclays

Automation in FX markets; Giancarlo warns EU to stay off clearing turf; Rolet’s awkward departure John Lothian Newsletter,Newsletter

First Read ABN AMRO Loves Fidessa By John Lothian – JLN The romance between ABN AMRO Clearing (ACC) and Fidessa is a strategic and growth-oriented one and the relationship is driven by James Fairweather. James Fairweather is the global head of execution services at ACC . He is driving this installation and rollout of Fidessa’s systems at ACC. ABN AMRO Clearing is hoping to expand beyond active traders into services for corporate clients and even prime broker services, and Fairweather said Fidessa’s platform is the right fit for the job. “The breadth of technology was better with Fidessa,” Fairweather said…

US brokers secure SEC relief to comply with Mifid research rules; Startup Exchange Cleared to Take on NYSE, Nasdaq for Stock Listings John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Cinnober has introduced subsidiary Minium to provide real-time post-trade technology and services to international investment banks. ~JJL FIA Global’s Simon Puleston Jones addressed the House of Lords EU Financial Affairs Sub-Committee on the potential impacts of Brexit on the cleared derivatives industry. ~JJL Apologies – there was a problem with the link in yesterday’s Hits & Takes to the commentary by Jim Greco of TradingPlaces about Virtu and Bondpoint. Here is a new link, which has been double-tested for connectivity. Also, we have created a page for BondPoint on MarketsWiki. ~SR NFA:…

U.S. pension funds sue big banks over stock lending; Henry Hub Emerges as Natural Gas Benchmark; SEC officials’ potential conflicts John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff The CBOE has informed us the speaker for the MarketsWiki Education Recruiting event for the CBOE will be Ed Tilly and/or Chris Concannon. So there you go.~JJL Our post yesterday on Asia Pacific Financial News is available HERE.~JJL It was a action packed week for the Trading Tech 300 program with NEX Group, Nuveen and Enova International offering merit badges to Chicago area Boy Scouts. The feedback from Scouts, parents and Scouting professionals has been terrific. One Scout said the NEX Group session was the “best of the best” of Trading Tech…

LedgerX gets approval for options clearing; Barclays unwinds remaining oil positions, boosting options volumes; Investor Makes Mammoth VIX Bet That Could Pay Out $265 Million Newsletter,Options

Observations & Insight Tales from the Crypt: What do Augur, Golem and Gnosis have in common? Spencer Doar – JLN They’re all cryptocurrencies. Though, if you thought, “They’re all words that could appear in folklore” you’d also be correct. In light of LedgerX getting approval from the CFTC to clear options on cryptocurrencies Monday, I thought it prudent to give you a snippet of the larger picture. (More stories regarding LedgerX follow.) Interest and excitement in the space has accelerated rapidly in 2017 due to a number of developments: bitcoin’s eye popping price action/volatility (~$910 at the start of the…

U.K. Regulator Seeks Brexit Bridge This Year to Avoid Cliff-Edge; Barclays Chairman ‘Confident’ London’s Euro-Clearing Hub Is Safe; Erroneous Stock Prices Spread by Third-Party Vendors, Nasdaq Says John Lothian Newsletter,Newsletter

First Read MarketsWiki Education World of Opportunity Top Videos 1. Donald Wilson, DRW Trading Group – Reminiscences (and Prognostications) of a Futures Operator 2. Blair Hull – Getting the Edge: Blackjack and the S&P 500 3. Haim Bodek, Decimus Capital Markets – A Flash Course on Market Structure 4. Peter Borish, The Quad Group – Trading Traps: Too Many to Count 5. Ray Cahnman, chairman, Transmarket Group – Me, Us & You: How Trading Works /goo.gl/hv8qXm ***** According to the number of plays on Youtube, here are the top videos from the MarketsWiki Education series through the years. The top…

A Kansas Investment Firm Spurring Change on Wall Street; Academics Clash Over VIX Bragging Rights; In the New Bond Market, Bigger Is Better John Lothian Newsletter,Newsletter

First Read Are You Registered? If you haven’t registered for our Trading Chicago event, a joint effort between John Lothian News and FOW, now is the time. The one-day event is set for June 28th at the Swissotel in Chicago. You can register HERE and see the agenda for the conference. The program is packed with great topics and speakers. We’ll be leading off with a keynote from Craig Pirrong from the University of Houston and a debate over Dodd-Frank between Leslie Sutphen and Gary DeWaal. Other panels cover trading derivatives in the age of populism, trading fixed income, customizable…

Barclays, Ex-CEO Charged Over Qatar Rescue Amid 2008 Crisis; Wall Street Now Fears the Lawyer Who Used to Defend It; Squeezed at home, Japan’s Nomura seeks to push into Wall Street’s home turf John Lothian Newsletter,Newsletter

First Read Hitting the Pinnacle By JLN Staff Last night, the CME Group and BarclayHedge hosted the sixth annual Managed Futures Pinnacle Awards. The Pinnacle Achievement Award went to Toby Crabel, chairman and chief investment officer of Crabel Capital Management. Among the several people he thanked for helping him were Jack Sandner, Ray Cahnman and Victor Niederhoffer. The managed futures industry continues to grow, despite the bull market in stocks, which often run counter to non-correlated strategies. Assets under management are at an all-time high of $348 billion, up $8 billion so far this year, according to BarclayHedge. Winners last…

Trading Fortunes Depend on a Mysterious Antenna in an Empty Field; Goldman Sachs’s Waning Dark Pool Revamped to Woo More Trades; An Algorithm, an ETF and an Academic Study Walk Into a Bar John Lothian Newsletter,Newsletter

First Read All Together Now: Exchange Leaders Call For Cooperative Approach To Changing Market Structure Jim Kharouf – JLN U.S. equity options leaders said today’s market structure needs fixing and vowed to work together to address it at the Options Industry Conference in Scottsdale, Arizona. Among some of the structural problems are a perceived lack of liquidity, a rigid regulatory structure that has supported the fragmentation of markets, and a concentration of volume on a relatively small number of listings. Kevin Kennedy, who serves as senior vice president, head of U.S. options at Nasdaq, called for the exchanges and participants…

Less than half of US buy-side expect direct impact from MiFID II; MiFID II’s algo plans come under fire; Ex-Barclays Trader Admits Conspiracy to Rig Currency Prices John Lothian Newsletter,Newsletter

First Read I Subscribe Each year, at about this time, we put out an appeal to you, our readers, that it’s paid subscription renewal time. As you know, we’ve held a long-standing voluntary pay policy that “if you find value in the newsletter, we ask you to pay for it.” This newsletter provides readers with the most relevant news about our industry each business day. We put our team on it each morning to compile the news we think is most valuable for you. We put together commentary and comments about news we find interesting and provocative. This model has…